Nicola Mining Secures Five-Year Extensions on Six Mining Leases for New Craigmont Property

Nicola Mining Inc. has received six mining lease extensions for five years from the Ministry of Mining and Critical Minerals, covering its wholly owned New Craigmont Property adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The extensions secure tenure across the company's 10,800-hectare project, the site of Canada's highest-grade historic copper mine. This development is significant as it provides long-term security for the property, which is strategically positioned near existing mining infrastructure and operations.

CEO Peter Espig stated that the extensions, along with existing permits, can expedite a transition from exploration toward potential operations. The company continues porphyry-focused exploration while maintaining environmental and consultation commitments. This announcement matters because securing long-term mining leases reduces regulatory uncertainty and provides the stability needed for substantial investment in exploration and potential development activities. The proximity to Highland Valley Copper, a major producing mine, enhances the property's potential value through shared infrastructure and geological similarities.

The New Craigmont Project covers an area of 10,913 hectares along the southern end of the Guichon Batholith, known for its copper mineralization. Historical production from the Craigmont Mine established it as Canada's highest-grade copper mine, making the property highly prospective for new discoveries. The lease extensions ensure that Nicola Mining can continue systematic exploration without the risk of tenure expiration, which is crucial for junior mining companies seeking to advance projects toward production.

For investors and stakeholders, this news reinforces the company's strategic positioning in a prolific mining district and its progress in de-risking the asset. Additional information is available in the company's newsroom at https://ibn.fm/HUSIF. The extensions align with growing demand for copper driven by renewable energy and electrification trends, highlighting the importance of securing and developing copper resources in stable jurisdictions like British Columbia.